GREY:GIXEF - Post Discussion
Post by
Lazaard on Jun 21, 2014 4:34am
'Geologix will have to break this level, new test soon'
Watching different moving averages can be very helpfull in technical analysis since the algos (the so called “market makers” i.e market manipulators) used to paint the charts obviously use these levels, in Geologixs case it seems MA60 in the weekly chart is a level to watch. Four times since the bear market started late 2010 Geologix has been testing MA60 from below without success, now it seems like a new test is close. With Gold and Silver exploding higher with important technical breakouts it’s actually quite high probability that GIX breaks out of this negative trend. If that happens a major rally could follow:
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